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In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate
In a given year the nominal growth rate is 7% with inflation and population growth rates of 2% and 1.2% respectively, then real growth rate of GDP per capita is:
Question 18 options:
A)
3.8%.
B)
5.0 %.
C)
5.8%.
D)
7.0 %.
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